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Investor Insights on The Manitowoc Company Inc. (NYSE:MTW)

March 30
09:20 2015

[ZACKS] The Manitowoc Company, Inc. (NYSE:MTW)(TREND ANALYSIS) a manufacturer and seller of cranes and related products as well as foodservice equipment worldwide.

The company has revealed its plan to pursue the separation of its Crane and Foodservice businesses into two independent, publicly-traded entities. This move is deemed advantageous for Manitowoc as it will create two industry leaders with distinct strengths. The tax-free spin-off of the Foodservice business, which is expected to be completed by the first quarter of 2016, will allow Manitowoc to pursue its growth strategy as market conditions improve.

Manitowoc’s fourth-quarter earnings per share of 27 cents dipped 43% year over year as demand for its products, particularly cranes, was affected by macroeconomic headwinds. Even though sales of the Crane segment in 2015 are anticipated to dip in the mid-single digits year over year, operating margin is projected to be in the high-single-digit range.

Stock Performance: Click here for a free comprehensive Trend Analysis Report

The company is currently valued at $2.88 billion and closed the last trading session at $21.17. The stock has 50-day moving average of $20.81 and a 200-day moving average of $23.63.

The Manitowoc Company, Inc. (NYSE:MTW) is currently trading 36.81% below its 52-week-high, 30.36% above its 52-week-low and in the range of $19.68-$22.91 over the past month. The 1-year range for the stock is $16.24-$33.5. The Manitowoc Company, Inc. (MTW) has a price to book ratio of 3.48 versus S&P 500 average of 2.84. The company’s share price has underperformed the S&P 500 year to date by -4.31%.

The Manitowoc Company, Inc. (MTW) current short interest stands at 15,286,867 shares. It has increased by 15% from the same period of last month. Around 11.4% of the company’s shares, which are float, are short sold. With a 30-days average daily volume of 2,508,840 shares, the number of days required to cover the short positions stand at 4.2 days.

Stock Analyst Perspectives: Click here for a free Trend Analysis Report

There are currently twenty analysts that we track that cover MTW. Of those twenty, eight have a buy rating, ten have a hold rating, and two have a sell rating. On a consensus basis this yields to a Buy. The overall consensus target price stands at $23.06 which represents an upside of 8.92% from the last closing price of $21.17.

Global Hunter Securities maintained their neutral stance on March 18th, with a target price of $21, which represents a downside difference of -0.8% from the last closing price. Another research firm, Jefferies, reiterated their buy stance on March 17th, with a target price of $23, which translates into an upside of 8.64%. Finally, UBS maintained their neutral stance on October 28th, with a target price of $22.

Company Profile

The Manitowoc Company, Inc. is a diversified industrial manufacturer of cranes and related products and foodservice equipment. The Company’s products include lattice-boom cranes, tower cranes, mobile telescopic cranes, and boom trucks as well as ice making machines, refrigerators, and freezers.

About Author

Lauren Miller

Lauren Miller

Lauren Miller covers Business and Telecom Services for Markets Wired. Lauren joined Evergreen in 2013 after serving as an associate in equity research at Donaldson, Lufkin & Jenrette for 5 years.

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